Elon Musk could become the first individual to reach a trillion-dollar net worth if Tesla shareholders approve a new compensation plan and he meets aggressive company goals over the next decade.

The proposal, announced by Tesla's board, would award Musk hundreds of millions of Tesla shares if he drives the company's market value to $8.5 trillion, a figure that exceeds the current combined market caps of Meta , Microsoft and Alphabet .

Newsweek contacted Tesla for more information via email.

Why It Matters

If the compensation plan is approved and the targets are met, Musk would receive an additional 423.7 million Tesla shares, potentially adding $900 billion to his current net worth, according to TIME . That would make him the highest-paid executive in history and the first p

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